One of the oldest colonies situated towards the southeast of Pune is Kondhwa. It is among the most recently developed residential areas and fastest growing suburb in Pune. Located within close proximity to Camp and Cantonment, Kondhwa is directly linked to Swargate bus stand, Pune railway station, Baner, Airport, Hadapsar, Hinjewadi, Kalyani Nagar and Deccan Gymkhana. This locality is surrounded by NIBM in the East, Bibwewadi in West, Vihar in North and Lulla Nagar in South. The Wanorie area under Kondhwa houses several Army set ups like the Armed Forces Medical College (AFMC) and Command Hospital and the Artificial Limb Center.
Kondhwa is strategically connected to the Mumbai- Highway through the Katraj-Pisoli Road. This locality is easily accessible from any part of Pune even while travelling from Camp to Saswad and Mumbai-Bangalore highway to Bypass. The commercial zone is located at a 9-kilometre driving distance from Kondhwa. The nearest shopping hub is Deccan situated just 10 kilometres away. The construction of a highway has also been proposed, starting from Katraj to Road, which will be about 60 metres wide. Mohammadwadi locality is also well-connected to Kondhwa by the Bypass. Its close proximity to the Mumbai- Highway through the Katraj-Pisoli Road is one of the major reasons for the large number of migrants settling in the area. Development of the Bypass Road has led Kondhwa to enjoy close proximity with Undri. Another upcoming location in East is Pisoli, which is also located close to Kondhwa.Schools and Hospitals
There are several prominent schools in Kondhwa. These include EuroKids Salunke Vihar Road, Pune, IITM School Of Management Studies, Vishwakarma Global Business School and Noble College of Commerce & Information Technology, among others. Siddiqui Unani Hospital, Satyanand Hospital, National Hospital, Wankhede Hospital Maternity & General are some of well-known hospitals in the Kondhwa area.
Real Estate in kondhwa
Real estate in is thriving due to its close proximity with Magarpatta IT city. Excellent connectivity, commercial zones, nearby schools and hospitals are some of the contributing factors for Kondhwa's property development. Residential projects in this area comprise mainly of apartments, villas and bungalows. Most of the middle income class buyers are finding this location ideal for investment due to affordable prices. Real estate developers like Gada Group, Developers, Kool Homes and Marvel Realtors have launched their posh and affordable residential properties in Kondhwa. Vaarahi, Developers Ivory, Kool Homes Rising Landscapes and Marvel Albero are some of the well-known projects here. Typical size of apartments range from 427 sq. ft. to 3,200 sq. ft. The average price of an apartment in Kondhwa is Rs. 4,767 per sq. ft. There are 51 projects under construction and 19 are due to get possession in 2014. Due to good connectivity, seamless infrastructure and availability of renowned colleges, NIBM belt region has become the preferred destination for many home buyers.
Property rates in Kondhwa have risen by upto 30.2% in last 6 months.